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  3. 1208 S Ridgewood Ave Daytona Beach, FL - 32114
  • MLS® #: A12011183
  • 1208 S Ridgewood Ave
  • Daytona Beach, FL 32114
  • $8,888,888
  • 1.72 Acres
  • Business

RARE OPPORTUNITY! 60-UNIT VALUE-ADD MULTIFAMILY PORTFOLIO IN PRIME DAYTONA BEACH LOCATION WITH US-1 FRONTAGE! Income-producing asset featuring 60 UNITS across 9 BUILDINGS on 1.72 ACRES, offering IMMEDIATE CASHflow with significant upside potential. the property delivers strong in-place income with opportunity for increased NOI through continued lease-up and rent growth. Over $500,000 in capital improvements have been completed, with approximately 51 of units renovated, rented, and the remaining units scheduled for COMPLETION PRIOR TO CLOSING. Renovated units feature modern kitchens, updated appliances, designer finishes, and luxury vinyl flooring. Unit mix includes 40 one-bedroom units, 13 studios, and 7 two-bedroom units, well-positioned for strong workforce and student housing demand near Embry-Riddle and Daytona State College. Structured as a MULTI FOLIO OVAL ASSAMBLAGE with zoning allowing potential hotel conversion, offering long-term flexibility and redevelopment optionality. Located along the high-visibility US-1 corridor and minutes from Daytona Beach, this asset supports multiple EXIT strategies including long-term hold, refinance, repositioning, or redevelopment. Ideal for multifamily operators, private investors, and 1031 exchange buyers seeking scale, yield, and value creation in a high-demand rental market.

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Essential Information

  • MLS® #A12011183
  • Price$8,888,888
  • CAD Dollar$12,621,777
  • UK Pound£6,655,350
  • Euro€7,772,381
  • Bathrooms0.00
  • Acres1.72
  • TypeBusiness
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address1208 S Ridgewood Ave
  • Area5940 Florida Other
  • CityDaytona Beach
  • CountyVolusia
  • StateFL
  • Zip Code32114

Amenities

  • Parking Spaces78

Parking

Accessible Parking, Common, Free Parking, Guest

Interior

  • InteriorHardwood, Laminate, Tile, Wood
  • # of Stories2
  • StoriesTwo

Exterior

  • RoofShingle
  • ConstructionBlock, Frame, Stucco
  • Office: The Keyes Company
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1208 S Ridgewood Ave on www.jupiteroceanfronthomes.us

Offered at the current list price of $8,888,888, this home for sale at 1208 S Ridgewood Ave features bedrooms and 0 bathrooms. This real estate listing is located in of Daytona Beach, FL 32114 . 1208 S Ridgewood Ave is listed under the MLS ID of A12011183 and has been on the Daytona Beach real estate market for 52 days.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of July 5th, 2026 at 2:19am CDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 MLS of RAMB.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing